Max Nutz has resigned as the Managing Director for Inditex UK and Ireland after a notable 25-year career.
- Pilar Losada, previously responsible for operations in Australia and New Zealand, will succeed Nutz.
- Nutz began his career with Inditex in 1999, advancing to significant international roles.
- Losada, joining in 2010, served in varied leadership positions including Central China and Australia.
- Inditex announced a 10% rise in profits, driven by robust brand performance, amidst this transition.
Max Nutz has stepped down as the Managing Director for Inditex UK and Ireland, marking the end of a distinguished 25-year tenure with the company. His career at Inditex began in 1999, during which he assumed several senior roles internationally, ultimately becoming the Managing Director for the UK and Ireland in May 2018.
Pilar Losada has been appointed as his successor, bringing her extensive experience within the company. Since joining Inditex in 2010, Losada has held various leadership roles, including Managing Director of Central China and recent responsibilities in Australia and New Zealand. Her appointment reflects Inditex’s strategy of leveraging seasoned internal talent for leadership positions.
The transition occurs at a prosperous time for Inditex, which has reported a 10% increase in half-year profits. This growth is attributed to the strong performance of its various brands, notably Stradivarius, Bershka, and Massimo Dutti. Zara, the company’s largest brand, experienced a 5.4% year-on-year sales increase, contributing significantly to overall revenues of £15.3bn (€18.1bn).
The leadership transition at Inditex is set against a backdrop of strong financial performance and strategic growth.
